Who would make that kind of investment with all the associated risks and hassle when anybody can buy today a risk-free 30-year US treasury bond that gives them a 4.285% annual return at the click of a mouse or a call to their broker?

It depends if and how saturated the carpet padding is below the carpet. 

No concrete pads.

First of all thank you everyone for this site, stumbled upon it a few days ago and have learned a lot.My situation is I inherited (unexpectedly) a MHP in Northwest Indiana that is on 20 acres, 10 of which has 50 pads, a state of the art septic system capable of handling over 250 homes, well water, paved streets and a manager who can do almost anything.

Try this perspective:  raw land is is a zero maintenance asset with trivial taxes.If you develop it (zoning, water, sewer, permits) and only create pads for the units, your investment is small.  

I would have them pay $200 for the pad, then $150 for the home and figure out a payment plan that was 2 or 3 years long... depending on what you can get away with... shoot for 3, settle for 2.

Then charge your pad rents.

GENERALINFORMATION:REVENUE:Gross Scheduled Revenues: 32 Pads@avgrentof:Additional IncomeTotal Gross Scheduled Revenues:- Vacancy & Credit Loss -- PERCENT - Vacancy & Credit Loss -- NUMBER - Vacancy & Credit Loss -- DOLLAR AMOUNTNET MOBILE HOME RENTAL INCOME:SELLER FINANCING:YR1FINANCIALRESULTS:CASHINVESTMENT :$40,000Inflation for Yrs 1-5 per pad:$5.00PARK HAS A CITY SEWER/METERED PARK HAS CITY WATER/METEREDTOTAL SALES PRICE Debt80.00% Interest Rate - Fixed Amortization (Months) Monthly Payment Balloon EO 5th Yr:$200,000 $160,0006.50%300 $1,080 $144,899GROSS RENT MULTIPLIER4.52 CAP RATE11.07% CASH ON CASH RETURN 22.93% DEBTCOVERAGERA TIO1.71 PERP ADSALESPRICE$6,250OPERATING EXPENSES:AverageExpensePerAnnual Debt ServiceCASHINVESTMENT :Year @$205.00 $0.0050.00%Year 1205 78,720 0 78,72043.76% 14.00 34,44844,272 22,13622,136 12,964 9,172 40,00022.93% 11.07%1.714.52 4,10433.19%Year 2210 80,640 0 80,64037.50% 12.00 30,24050,400 25,20025,200 12,964 12,236 40,000 30.59% 12.60%1.943.97 4,40041.59%Year 3215 82,560 0 82,56031.24% 10.00 25,79256,768 28,38428,384 12,964 15,420 40,000 38.55% 14.19%2.193.52 4,71850.35%Year 4220 84,480 0 84,48025.00% 8.00 21,12063,360 31,68031,680 12,964 18,716 40,000 46.79% 15.84%2.443.16 5,06059.44%Year 5225 86,400 0 86,40018.76% 6.00 16,20970,191 35,09635,096 12,964 22,132 40,000 55.33% 17.55%2.712.85 5,42568.89%Total412,800412,80031.25% 10.00 129,008284,992 142,496142,496 64,820 77,676 40,000 38.84%avg 14.25%avg2.20avg3.60avg 23,707total 50.69%avgNET OPERATING INCOME:CASHFLOWBEFORET AX:CASH ON CASH RETURN: OVERALL CAPITALIZATION: DEBTCOVERAGERATIO : GROSSRENTMUL TIPLIER: PRINCIP ALREDUCTION PRINCIPALREDUCTION & CASH / CASH RETURN

One thing that's different here is that in many places, the pad rent is $800-$900; B.C. has rent controls that keep the prices far lower but Alberta doesn't.

Once I find out the amount I probably will pad my offer price to account for it.Also, other SS I have purchased the seller is in some form of delinquent payment.